Description

New listing of 6,484,327 units of Mirae Asset Nifty Top 20 Equal Weight ETF with effect from December 19, 2025, trading in dematerialized form in B Group.

Summary

BSE has announced the listing of units of Mirae Asset Nifty Top 20 Equal Weight ETF, an open-ended scheme tracking the Nifty Top 20 Equal Weight Total Return Index. The ETF will commence trading on December 19, 2025, in the B Group segment with 6,484,327 units available for trading in dematerialized form only.

Key Points

  • Scrip Code: 544660
  • ISIN: INF769K01PZ5
  • Trading Symbol: TOP20
  • Total Units: 6,484,327 units
  • Face Value: Rs. 10.00 per unit
  • Issue Price: Rs. 9.62 per unit
  • Market Lot: 1 unit
  • Group: B Group
  • Date of Allotment: December 15, 2025
  • Trading Start Date: December 19, 2025
  • Trading Mode: Dematerialized form only (as per SEBI guidelines dated February 16, 2000)

Fund Details

Fund Name: Mirae Asset Mutual Fund

Investment Manager: Mirae Asset Investment Managers (India) Private Limited

Registered Office: Unit No. 606, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai 400098

Registrar and Transfer Agent: KFIN Technologies Limited, Karvy Selenium, Tower B, Plot Number 31 & 32, Financial District, Gachibowli, Hyderabad - 500 034

Market Makers

The following entities have been designated as market makers for this ETF:

  • Mirae Asset Capital Markets (India) Private Limited
  • Kanjalochana Finserve Private Limited
  • East India Securities Limited
  • Parwati Capital Markets Privates Limited
  • Vaibhav Stock & Derivatives Broking Private Limited
  • IRage Broking Services LLP

Compliance Requirements

  • Trading members must ensure all trades are executed in dematerialized form only
  • Trades will be effected in unit market lot (i.e., one unit)
  • Trading members should familiarize themselves with the ETF specifications before commencing trading

Important Dates

  • Allotment Date: December 15, 2025
  • Notice Date: December 18, 2025
  • Trading Commencement: December 19, 2025 (Friday)

Contact Information

At AMC:

  • Name: Parag Jain - Manager, Listing Operations
  • Phone: 022-2272 8685

At BSE:

Circular Authorized By: Hardik Bhuta - Assistant Vice President, BSE Ltd.

Impact Assessment

This is a routine ETF listing with minimal market-wide impact. The listing expands investment options for investors seeking exposure to the Nifty Top 20 Equal Weight Total Return Index through an exchange-traded fund structure. The presence of six designated market makers should ensure adequate liquidity for trading. The ETF provides an alternative investment vehicle for those looking for equal-weighted exposure to top-performing stocks rather than market-cap weighted indices.

Impact Justification

Routine ETF listing announcement with no market-wide impact, affects only specific ETF investors and designated market makers